EXETER HOSPITAL INC

EIN: 222674014 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$336,038,286
Total Expenses
$307,985,618
Total Assets
$272,025,403
Net Assets
$199,943,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
NH
Principal Officer
KEVIN TABB MD
Phone
6035806694
Tax Period
2023-10-01 to 2024-09-30

EXETER HOSPITAL INC, founded in 1907, is a major nonprofit in the Health Care sector that reported $336.0M in total revenue in fiscal year 2023. Expenses of $308.0M left a modest 8% surplus.

Mission

THE LEGAL OWNER OF EXETER HOSPITAL, INC.'S FOREIGN INVESTMENTS IS A RELATED ORGANIZATION, EXETER HEALTH RESOURCES, INC. SINCE A PORTION OF EXETER HEALTH RESOURCES, INC.'S TOTAL FOREIGN INVESTMENTS ARE ALLOCATED TO THE HOSPITAL'S ASSETS ON THE FINANCIAL STATEMENTS, THOSE ALLOCATED INVESTMENTS HAVE BEEN DISCLOSED ON SCHEDULE F, PART I, LINE 3 OF EXETER HOSPITAL, INC.'S FORM 990. HOWEVER, ANY REQUIRED IRS FORMS 926 AND OTHER FOREIGN TAX REPORTING OBLIGATIONS ARE FILED BY THE LEGAL OWNER, EXETER HEALTH RESOURCES, INC. (EIN:02-0222126)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,318,440
Program Service Revenue $330,124,783
Investment Income $2,516,067
Other Revenue $78,996
TOTAL REVENUE $336,038,286

Expense Breakdown

Grants Paid $1,659,007
Salaries & Benefits $138,845,842
Fundraising Expenses $98,157
Program Expenses $267,372,269
Other Expenses $167,382,612
TOTAL EXPENSES $307,985,618

Year-over-Year Comparison

2023 2022 Change
Revenue $336,038,286 $319,580,564 +0.1%
Expenses $307,985,618 $307,563,236 +0.0%
Net Income $28,052,668 $12,017,328 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
9
Employees
1952
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$11,126,193
Total Directors
14
$8,506,747
Key Employees
6
$2,581,820
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWAN MICHAEL TTEE(CEO DESIG) EVP HOS&AMBSVCS BILH 1.00
Director
$0 $2,401,778 $4,703,895
SHORETT PETER TTEE (SR EXECUTIVE VP & COO, BILH) 1.00
Director
$0 $48,246 $1,607,722
CRESTA DEBRA TRUSTEE & PRESIDENT (PRESIDENT, EHR) 1.00
Officer Director
$0 $16,277 $1,115,031
HOLLISTER MD RICHARD TRUSTEE (PRESIDENT, MEDICAL STAFF) 1.00
Director
$0 $52,610 $681,702
PANGAN MD MICHAEL TRUSTEE 1.00
Director
$0 $54,171 $398,397
CASE AMY TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
EBERLE ROBERT CHAIR & TRUSTEE 1.00
Officer Director
$0 $0 $0
CARUCCI DEAN TTEE (BILH DIV PRESIDENT, COMMUNITY) 1.00
Director
$0 $0 $0
DESJARDINS RET MAJ GEN SUSAN Y TRUSTEE 1.00
Director
$0 $0 $0
DOMINGUEZ PHD CYNTHIA TRUSTEE 1.00
Director
$0 $0 $0
FALCK ESQ DAVID TRUSTEE 1.00
Director
$0 $0 $0
FARMER JR CHARLES DAVIS TRUSTEE 1.00
Director
$0 $0 $0
HEVERT ROBERT TRUSTEE 1.00
Director
$0 $0 $0
TOUMPAS NICK TRUSTEE 1.00
Director
$0 $0 $0
TABB MD KEVIN CHIEF EXECUTIVE OFFICER (CEO, BILH) 1.00
Officer
$0 $1,097,028 $5,410,415
RIOS CINDY TREAS (EXECUTIVE VP & CFO, BILH) 1.00
Officer
$0 $217,736 $1,689,163
KATZ ESQ JAMIE CLERK; GENERAL COUNSEL, BILH 1.00
Officer
$0 $32,002 $1,302,177
CASASSA ALLISON J ASSISTANT TREASURER & CFO 1.00
Officer
$0 $23,250 $708,497
SPRAUER ESQ CONSTANCE D ASSISTANT CLERK (SVP LEGAL AFFAIRS) 1.00
Officer
$0 $35,480 $570,929
BOYD ESQ STEPHEN ASST CLERK (DIV VP DEP GC COMM BILH) 1.00
Officer
$0 $15,921 $329,981
ABRAMSON ESQ MICHAEL S ASST CLERK (ASSOC GEN COUNSEL, BILH) 1.00
Officer
$0 $0 $0
MCKINNEY DONNA VP ACUTE CARE, CHIEF NURSING EXEC 55.00
Key Emp
$573,403 $51,557 $624,960
O'NEIL SEAN COO & VP, AMBULATORY CARE 55.00
Key Emp
$520,947 $63,560 $584,507
BRINDAMOUR MD LUKE CHIEF MEDICAL OFFICER 55.00
Key Emp
$412,776 $29,587 $442,363
LEVESQUE SHANNON VP, HUMAN RESOURCES 1.00
Key Emp
$0 $45,108 $440,032
GARGANTA AARON SENIOR DIR ENG. & PHYS. ENVIRONMENT 55.00
Key Emp
$234,718 $14,383 $249,101
SAVOIE MICHELLE INTERIM VP ACUTE CARE, CHIEF NURSE 55.00
Key Emp
$197,845 $43,012 $240,857
THOMAS CHARLES EXECUTIVE DIRECTOR, HUMAN RESOURCES 55.00
Highest
$286,382 $61,925 $348,307
CALLAHAN SUSAN DIRECTOR, COMPENSATION AND BENEFITS 55.00
Highest
$281,326 $45,517 $326,843
GAGNE NOLAN PHYSICIST CHIEF 55.00
Highest
$275,529 $50,760 $326,289
MEISNER JEFFREY SENIOR DIRECTOR, REHAB SERVICES 55.00
Highest
$258,126 $61,147 $319,273
WAGNER ABIGAIL SENIOR DIRECTOR, SURGICAL SERVICES 55.00
Highest
$242,868 $44,408 $287,276
CALLAHAN KEVIN J FORMER TRUSTEE, CEO & PRESIDENT 0.00
$0 $367,707 $2,116,778
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $336,038,286 $307,985,618 $272,025,403 $28,052,668
2023 $319,580,564 $307,563,236 $257,188,839 $12,017,328
2022 $319,159,260 $303,597,769 $282,631,034 $15,561,491
2021 $318,717,288 $268,574,622 $369,586,384 $50,142,666
2020 $280,988,340 $261,150,046 $314,845,316 $19,838,294
2019 $303,921,048 $252,278,042 $285,871,430 $51,643,006
2018 $271,185,172 $234,676,253 $285,647,104 $36,508,919
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